Bovada Payouts and Deposits

Payouts and Deposits could be the most important component of a sportsbook. If players can’t easily deposit they will go somewhere else and if a player need to be paid quickly or they will move on. Sportsbooks like Bovada know this and keep it a top priority in their business plan.

My personal experience with Bovada

Background: I have used Bovada since 2004 (was Bodog from 2003-2011 on 12/14/2011 Bodog created Bovada to handle their US customers) and I only had 1 problem in those 10 years. In March 2011 (I actually looked the date up in my email!) I had a check payout bounce. I emailed support and they issued me a new check and covered my bank fees for the returned check. I received that check 3 days later.

I am sure I have easily received over 100 payments over those years (full disclosure – some of it was for marketing their site on a poker related website I used to own and they paid to my player account). In 2012 I did try to move from receiving checks to bank wires, but the Bovada payment processor at the time did not play nice with my bank 🙁 . I have always received my checks quickly (within a week) and have basically had no issues – and that’s the reason I am pretty loyal to Bovada!

Our Latest Payout Updates

May 2018 – Continuing to use bitcoin for Bovada deposits and payouts with zero issues!

August 2017 – Still using bitcoin for deposits & payouts with no issues at all.

March 2017 – Still receiving payouts with bitcoins and speed ranges from 20 minutes to 28 hours. So speed definitely varies, but overall is a million times better than waiting 3 weeks for checks and then taking them to the bank..

January 2016 – Still receiving bank wires around the 5-7 day mark. Their checks were really slow in December 2015.

April 2015 – My bank wire was received 6 days after payout request.

December 2014 – I tried a bank wire (with my same bank acct that was denied in 2012) and success! I also received a wire in Jan 2015 with no issues. All Bovada wires are now sent in Euros and converted to USD by your bank. My bank just charged a $15 incoming wire fee. There was no fee by Bovada and somehow with the currency conversion my actually amount received was about $50 higher than my cash out amount – bonus!

Let’s take an in-depth look at the Bovada payout and deposit options along with the current fees.

Bovada Payouts

This is the most popular payout method. Request payout and you will get a check delivered to your door within 7 days (usually takes 3-4 days).

Fee: $50 or it can be your 1 free monthly payoutMinimum Payout: $100Limit: $3K every 7 daysSpeed: 10 business days

This is a quick and easy option if it works with your bank. The bitcoin is sent to your bitcoin wallet and then you can send it to a btc exchange to convert it to USD. After it’s converted you can send it to your bank for free. See our Bitcoin guide for more info.

Deposit Screen and Options

I made a credit card deposit for this article, so I could see all the current deposit/payout fees and options. I was presented with the only 2 deposit options that are listed above. Deposits cover the 3 major credit card companies (Visa/MC/AMEX) and of course bitcoin.

On your first credit card deposit, they waive their “deposit processing fee”. After that credit card deposits will have a hefty 5.9% bovada fee for credit card processing. I don’t love the fees (and other books like BetOnline don’t have cc fees), but I don’t think it’s outrageous and I like the fact that they are not hiding it, it is clearly stated on the deposit screen.

Bitcoin deposits and payouts are always free. If anyone plans on depositing and withdrawing multiple times, then it is worth it to get setup with bitcoin.

The whole deposit process takes 30 seconds and then the money is in my account and ready for for some NFL betting this weekend!

If you have any questions about Bovada deposits or payouts, contact me and I’ll tell you what I know. Obviously, some of the information (like check location), I did not want to put out there in the public.

14 Comments

Just started Bovada and Kinda nervous was anyone else asked to input their personal info like DOB, mothers maiden name, and last 4 SSN? This to me seemed a but excessive for an offshore casino and am I now at risk of identity theft?

I am new to Bovada and recently won a pretty large amount, over $50k and I am trying to determine the best withdraw option…

Based on what you posted above, it doesn’t sound like I’d be able to withdraw the entire amount all at once. So that being the case, is a wire transfer the best route, assuming Bovada and my bank are friendly?

Question. when I was with Heritage, they allowed me to withdraw PTP under another name since I am flagged. Does Nobody do this? Will be opening a bank account soon, but want some quick cash until then.

I have been waiting for a payout since Jan 30 2016. The first wire transfer made it to my bank with a completely different persons name on it and some of the account numbers were juxtaposed. I re-submitted my banking information, a void cheque and photo ID. On Feb 23 they re-issued the wire transfer and it has not shown up at all.

Customer Service at my local Canadian branch of Scotiabank has been stellar, checking for this wire transfer daily and communicating with me. Nothing has shown up on the second transfer. Bodog customer service is “escalating” the problem, again.

Now I am in the lurch again. I am suspicious that I am getting the run around and may never see a penny of my winnings.

Glad to hear you finally got paid. Bovada will always pay, but their checks and wires have been getting slower and slower as they keep pushing for bitcoin payouts.. I hope they get a better payment processor for checks/wires for this NFL season or they will lose some regular customers that don’t want to use bitcoin..

hi there i made a deposit on bovada with my friend credit c rd. and now i have more than 5k i did request a wire transfer now im thinking am i gonna have any problem because i use my friends cc please let me lnow whats gonna happen thanks

Currently yes, it’s called visa fast funds (VFF for short). But it is not offered to everybody, it may not show up on new accounts… If it is not showing as an option in the cashier, contact support and ask about it and they may add it.

$2500/max a week and you first VFF per month is free. It takes about 3 days to receive your VFF payout. Right now this is probably the best option for US players, that is if the option is available to you…